Customers Bancorp banking cannabis firms in New York, Pennsylvania

BankThink

Community banking Commercial lending Marijuana banking Pennsylvania New YorkThe company will offer deposit-related services to firms with permits for hemp and CBD.

DA’s Office In Pennsylvania Pays Ransom In Bitcoin

PYMNTS

At a time when the IRS is trying to find out the identities behind bitcoin users, the Pennsylvania Allegheny County District Attorney’s office revealed it had to use bitcoin to pay a ransom to get its data back. The Forbes report noted that the data attack on the District Attorney’s office in Pennsylvania could be payback for the IRS’ actions.

First Commonwealth to enter central Pennsylvania with Santander branch deal

BankThink

Community banking Branch deals Growth strategies PennsylvaniaThe acquisition also includes $525 million in deposits and $120 million in loans.

Pennsylvania bank works to stem damage from CEO’s fraud arrest

BankThink

Community banks Fraud losses Small business lending SBA PennsylvaniaWhile Noah Bank’s CEO has been accused of self-dealing in connection with SBA loans, its chairman says the directors had a succession plan ready to go and are rallying to rescue the bank’s reputation.

Pennsylvania's easing of rules for donation apps should set a precedent

Payments Source

A court decision brings much needed clarity to the complex world of money transmitter licensing by holding that the transmission of information alone is not engaging in the business of money transmission under Pennsylvania law, writes Anita Boomstein, a partner with Manatt, Phelps & Phillips, LLP.

Fiserv hit with lawsuit from small Pennsylvania credit union

BankThink

Litigation Lawsuits Finance and investment-related court cases Technology Core systems Fiserv Wisconsin PennsylvaniaThe tech company denied allegations from Bessemer System Federal Credit Union regarding security issues and other problems with Fiserv's services.

Orrstown locks down small acquisition in Pennsylvania

BankThink

Community banking M&A Capital Growth strategies PennsylvaniaThe company agreed to pay $32 million for Mercersburg Financial.

Mid Penn to buy Scottdale Bank in Pennsylvania

BankThink

M&A Capital Growth strategies PennsylvaniaMid Penn agreed to pay $59 million for Scottdale Bank in a deal that is expected to close in the third quarter.

Pennsylvania insurers to sell bank to Northwest Bancshares

BankThink

Community banking M&A Capital Growth strategies PennsylvaniaDonegal Group and Donegal Mutual Insurance are selling the holding company for Union Community Bank in Lancaster County.

Pennsylvania’s payment regulation will tighten construction transaction controls nationwide

Payments Source

ISO and agent B-to-B payments Payment processing Compliance reviews PennsylvaniaIt is important that all parties involved in construction projects not only be aware of these regulation updates and how they will impact their projects, but also what they can do to prepare for when the legislation inevitably reaches them, writes Matt Johner, president and co-founder of BankLabs.

First Bank to buy Bucks County Bank in Pennsylvania

BankThink

M&A Growth strategies Capital PennsylvaniaFirst Bank, based in New Jersey, will pay about $27 million for Bucks County Bank in a deal that is expected to close in the third quarter.

Why did bank M&A cool off in Pennsylvania?

BankThink

M&A Consolidations Community banking Regional banks PennsylvaniaWhile there are many reasons consolidation has slowed in the Keystone State over recent years, there are factors in play that could lead to a resurgence in activity.

Pennsylvania all-stock deal inked

ABA Community Banking

Mid Penn, First Priority Financial to merge in $82 million deal Management CSuite Community Banking M&A. 1Management

NexTier in Pennsylvania Lines Up Next Chief

American Banker

NexTier Bank in Butler, Pa., has tapped its chief operating officer as its next leader. people breaking_news pa succession-planning community-banking

Chairman and CEO roles combined at F.N.B. in Pennsylvania

BankThink

Regional banks Corporate governance Corporate ethics PennsylvaniaThe rising regional player has also appointed new chairs for four board committees as it prepares for the retirement of several long-serving directors.

Pennsylvania says big banks fixed GSE bond prices

BankThink

In the second lawsuit of its kind, more than a dozen of the world's largest banks are accused of price fixing on roughly $486 billion of bonds issued by Fannie Mae and Freddie Mac. Law and regulation GSEs Fannie Mae Freddie Mac Bank of America Citigroup JPMorgan Chase Deutsche Bank Goldman Sachs

Pennsylvania credit unions care for kids!

CU Insight

Credit Unions in Pennsylvania have been a major reason for the success. The Credit Unions for Kids team is so grateful to the Pennsylvania Credit Unions for your strong and unwavering commitment to help us in our efforts to save kids lives. The post Pennsylvania credit unions care for kids! Community Credit Unions Management/Leadership Public Relations CU4Kids Leadership Management Pennsylvania Credit Unions

A conversation with Pennsylvania Secretary of Banking and Securities Robin Wiessmann

CFPB Monitor

In this week’s episode, Pennsylvania Secretary of Banking and Securities Robin Wiessmann discusses lessons learned from the 2009 financial crisis and concerns arising from today’s market conditions and regulatory environment, shares her views on the OCC’s fintech charter and provides an update on steps that States are taking to relieve regulatory burdens on fintech companies, and explains her agency’s approach to virtual currency.

An Exclusive Interview with Nicholas Smyth, Leader of the Pennsylvania Office of Attorney General’s Consumer Financial Protection Unit

CFPB Monitor

Pennsylvania has one of the most active Attorney General offices when it comes to bringing cases against financial companies.

Pennsylvania banking department to promote awareness on virtual currencies

The Paypers

(The Paypers) Pennsylvania Banking and Securities Department has revealed an update on Consumer Financial Protection Initiative

BB&T's Dealmaking Spurs Disruption in Pennsylvania

American Banker

At least three community banks have hired lenders who once worked at banks bought by BB&T. The question is whether those lenders can coax their clients to also make a switch. recruitment m-a dealmaking-strategy pa consolidation small-business commercial-lending community-banking

Pennsylvania State Employees Credit Union

Keith Leggett's Credit Union Watch

Pennsylvania State Employees Credit Union recently built this 238,000 square foot corporate office building at a reported cost of $71 million. The credit union at the end of 2013 had $4.1 billion in assets and reported a profit of almost $17.5 million.

NexTier to Buy Manor Bank in Pennsylvania

American Banker

The $1.2 billion-asset NexTier said in a press release Wednesday that it will pay $2.3 million, or $531.55 a share, in cash for the $40 million-asset Manor. breaking_news community-banking pa dealmaking-strategy

Bryn Mawr to buy Royal Bancshares of Pennsylvania

BankThink

Frank Leto, Bryn Mawr’s CEO, called the acquisition of Royal Bancshares of Pennsylvania a “logical choice” for his company. Capital M&A

Pennsylvania Attorney General solicits redlining complaints from consumers

CFPB Monitor

As part of an investigation launched earlier this year into allegations of redlining in the Philadelphia area, the Pennsylvania Attorney General Josh Shapiro recently called on mortgage borrowers and home loan applicants in the Philadelphia area to file complaints with his office “if they believe they may have been victims of redlining or experienced irregularities when looking for a mortgage or home loan.”.

Prudential Bancorp to Buy Polonia in Pennsylvania

American Banker

Prudential Bancorp in Philadelphia has agreed to buy Polonia Bancorp in Huntingdon Valley, Pa. The $538 million-asset Prudential said in a press release Thursday that it will pay $38.1 million in cash and stock for the $312 million-asset Polonia. The deal is expected to close in the fourth quarter. Prudential said it expects "modest" tangible book value dilution that it should earn back in a year.

Prudential Bancorp in Pennsylvania Selects New Chief

American Banker

Prudential Bancorp in Philadelphia has a new chief executive. breaking_news people pa community-banking

Pennsylvania credit union helps undercover cops nab Instagram fraudsters

CU Insight

The $5 billion Pennsylvania State Employees Credit Union in Harrisburg worked with undercover police investigation that led to the arrest of three Philadelphia men who allegedly used Instagram to steal from financial institutions.

ACNB agrees to buy Frederick County Bancorp in Maryland

BankThink

The $60 million acquisition will allow ACNB, which is based in Pennsylvania, to enter a new market. Community banking M&A Growth strategies Pennsylvania Maryland

Northwest Bancshares in Pennsylvania to Buy Insurance Agency

American Banker

Northwest Bancshares in Warren, Pa., has agreed to buy Winans Insurance & Employee Benefits in Warren. breaking_news community-banking pa dealmaking-strategy

Fulton emerges from regulatory gantlet. Is M&A in its future?

BankThink

Its CEO says organic growth is preferable, but after spending five years tackling a series of enforcement actions tied to BSA compliance, the Pennsylvania bank has options. Compliance Strategic buyers Community banking AML Pennsylvania

Bryn Mawr Trust seeks to go where robo can't

BankThink

How is the Pennsylvania bank trying to differentiate itself in wealth management? Community banks High net worth Growth strategies PennsylvaniaBy assembling a team of private bankers to cater to the complex needs of high-net-worth clients.

CFPB September 2016 complaint report highlights money transfer complaints, complaints from Pennsylvania consumers

CFPB Monitor

The CFPB has issued its September 2016 complaint report which highlights complaints about money transfers and complaints from consumers in Pennsylvania and the Philadelphia metro area. Findings regarding complaints from Pennsylvania consumers include the following: As of September 1, 2016, approximately 34,700 complaints were submitted by Pennsylvania consumers of which approximately 69 percent (about 24,100) were from Philadelphia consumers. Barbara S. Mishkin.

Former Pennsylvania Secretary of Banking Lays Down Ideas on How to Lover Your Regulator

Jeff For Banks

Glenn Moyer, the former Secretary of the Pennsylvania Department of Banking and Securities (pictured), spoke at a banking industry event this past week.

NCUA Bans Former CEO of Pennsylvania Credit Union

CU Insight

Peters, who took over a Pennsylvania credit union that had been victimized by internal fraud, was banned Thursday by the NCUA. The post NCUA Bans Former CEO of Pennsylvania Credit Union appeared first on CUInsight. Deborah N.

Fulton Financial's latest acquisition to add scale in wealth management

BankThink

The Pennsylvania company has agreed to buy Forney Financial Solutions. Community banking Wealth management M&A Pennsylvania

Pennsylvania CU showcases industry’s first humanoid robot

CU Insight

Pepper resides at the credit union’s Moon financial center — that’s Moon Township in Pennsylvania, about 16 miles northwest of Pittsburgh. The post Pennsylvania CU showcases industry’s first humanoid robot appeared first on CUInsight. The light-speed advancements of technology can give us glimpses of what the future may hold for the credit union industry.

PNC aggressively adding branches to become coast-to-coast bank

BankThink

Earnings Commercial lending Regional banks PennsylvaniaCEO William Demchak, encouraged by early returns from new branches in Dallas and Kansas City, Mo., plans to enter even more markets.

S&T is Philadelphia bound after agreeing to buy DNB Financial

BankThink

Community banking M&A Growth strategies PennsylvaniaDNB had been facing pressure from an activist investor to consider selling itself.

MLR: Alleged Fraud Caused Failure of Six Small Pennsylvania CUs

Keith Leggett's Credit Union Watch

SCCU), in Bensalem, Pennsylvania.

First Resource Bank (SE Pennsylvania) Ups 12-Month CD (2.60% APY)

Deposit Accounts

First Resource Bank (SE Pennsylvania) Ups 12-Month CD (2.60% APY) POSTED ON THURSDAY, JUNE 14, 2018 BY Ken Tumin Availability: 12-month CD, 2.60% APY, $500 minimum deposit. Availability: Southeast Pennsylvania. Headquartered in Exton, Pennsylvania, First Resource Bank’s market area is primarily Chester and Exton Counties, but CSR stated that any Pennsylvania resident that can come into a branch is welcome to apply. | About Us. Forum. Banks. Savings Accounts.

Customers in Pa. warns of earnings hit after mortgage client shuts down

BankThink

Community banking Commercial lending Mortgages PennsylvaniaThe bank said it could record a $7 million charge in the second quarter after the client unexpectedly closed in May.

Santander to cut 80 U.S. mortgage jobs as it exits TPO loan channel

BankThink

Layoffs Wholesale lenders Santander Pennsylvania SpainSantander Bank's U.S. unit will be eliminating 80 mortgage-related positions as it withdraws from the third-party origination sales channel and refocuses on producing home loans through its branch network.

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